If Bitcoins and the internet were to collapse then Gold would be right there right it. Gold is shiny and all, but just as much perceived value as Bitcoin/money.
Gold has industrial uses. Bitcoin doesn't. Bitcoin has universal use as currency. |
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1/3 of ebay btc transactions end up in scams.
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Looks like Proof of Stake blocks are coming out (they are set to come out after 30 days), but reward on PoS blocks is currently 0, not sure why. Dev need to look at this.
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Wow people still think this coin is alive. It's dead and the volume alone shows it.  This is about as funny as people said when BTC dropped from $32 to $2, and people says it's dead. |
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Still haven't problems with the QT client.
It hangs at the GUI, but the client operates in the background. You just can't interact with the QT GUI.
Solutions?
aha, figured it out. It relies on the bitcoin client for some reason, just needed to run bitcoin qt once and bitbar qt will work. Wow thanks for this! I had the same problem and couldn't figure out what the problem was. What causes this? Can't this problem be patched/fixed? Yeah, I hope the dev fix this problem, it's pretty annoying and happens often enough, though running Bitcoin-qt client once on the pc will resolve it. |
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Go away Bitcoinss.
It didnt fix the problem... yet, i am waiting for the bitcoin wallet to syncronize and ill let you know if it fixes the problem. Thank you
you don't need to wait for it to synchronize, just run bitcoin client once, and shut it down in a few minutes. Then run BitBar client, it should be fine. I'm not sure why this problem exists, but I hope the dev is working on it. |
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Bitbar is one of the best designed alts. Thats why it is always at or near the top of choose coin especially when you adjust for stales. Most people don't have the patience to wait for the confirmations which is a benefit for those that stick with it.
I agree, the design of BitBar is nearly perfect, it is an evolution of technical features from many coins. * there is no mining fluctuation, difficulty adjust on every block, block reward based on network hash rate. BTB mining is nearly always in equilibrium, while the likes of FTC CNC and many others, languish in high diff mining hell, with just 1-2 blocks mined per day. * BTB have PoS blocks, this will ensure that even when no hardware mining is done, the currency will do just fine with PoS blocks. * high value denomination, will discourage block spamming problem faced by BTC and many others. BTB have by far, the smallest and most efficient blockchain. These are just some of the features I liked. |
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Shitcoin that had a 60% instamine on day one. Why would you want to buy?
60% of what? LTC had 10100 blocks mined on the first day, which is 30% of all outstanding coins at the 1 month mark (approx 30k blocks mined at the one month mark), I guess LTC must be shit too? Agreed, as a matter of fact bitbar has been the only one of the new coins to bring something new to the table and that has been consistently more profitable to mine then bitcoin. Cannot wait until it hits btc-e  As a curiosity, what was new about it? It's pretty much the slowest coin out there. That's all I can think of. I take my question back. It was innovative because it perfected the biased instamine. If I remember correctly, it was announced by xorxor, who started mining the coin with the creator at the start. Then everyone else was allowed to jump on after that. 2,000 coins were minted within the first 4 hours of that post, with the first two days pulling in 2,500+ coins. Since that day, only ~500 bitbars have been minted. The only competition with that kind of instamine scam is mincoin, where the first few hundred (or was it an even thousand?) blocks were worth 500 coins each, and then every coin since then has been worth 2 coins.  Your math is wrong, there's 3400 bar outstanding, how did you arrive at 500? it's least 800 or more. At least with BTB, the instamine is not by design, but by protocol. The protocol says the more popular the coin gets, the less reward is produced by block(same as PPC and NVC). So the amount of reward is directly related to how many people mining it. Early adopter is key to every coin, LTC when one month old, has 33% instamine on the 1st day (10100 blocks mined on 1st day). so what? the amount is tiny today, anyone care LTC had a 33% instamine nowdays? no, because that's tiny now compared to the size of LTC outstanding. |
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In my opinion, trading volumes in LTC-GLOBAL on the LTC-GLOBAL exchange and BTC-TRADING-PT on the BTC-TC exchange are too low. I believe the primary reason is an excessive bid/ask spread. In a large part, this spread is due to the lack of volume-- in other words, the problem is self-perpetuating.
In my very humble opinion, which is certainly less informed than yours (no sarcasm), I think there are two problems much larger than that, which are actually its causes. 1. The dividend is way too low. Even if this month's dividend is a record, it's still 7.37% per year. Now, if not for the dividend someone might buy it for the voting power, but obtaining a seat costs too much (~2400€). 2. While the site has a very nice and handy theme, it still has so many bugs and quirks which may make people unconfortable, especially developers who may fear something might break badly. Don't misunderstand me, btct.co is a really great platform and I'm very happy to be able to use it, still these are the reasons I guess why not many people are interested into buying it. 7% is not low, it's pretty good for a non growing company. BUT btct is apparently growing tremendously, and long term shareholders will be rewarded by increasing dividends, and share price. |
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Read this: http://www.coindesk.com/apple-to-create-virtual-currency-imoney/What do you think?? I think they should thread really carefully with this. They block bitcoin related apps in App Store and then they go and do this. I am an Apple fan and have some apple products but this..... Well. Not sure... What do you think? TAB Whatever they create will be technically inferior, but instantly 10X more popular than Bitcoin. |
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Oddly enough, difficulty has very little to do with the value of BTC. I know it is counter-intuitive, but it is nonetheless true. In any given time frame the number of coins mined on average is stable. When it gets out of whack, the difficulty adjusts to get it "back in whack". The difficulty level functions as an automatic stabilizer on the supply. When a bunch of GPU miners blow a gasket because the difficulty rose and their profits evaporate, what you have to understand is that other people simply brought more hash power online and took the profit from the GPU miners. But the amount of coins mined remains stable. (There are minor variations when the hash rate gets way ahead of the difficulty, as just happened, and a larger than normal amount of coins are generated before the difficulty can catch up.)
The only thing an increase in difficulty means is that some people have increased the hash rate and are now taking an increased slice of the pie. The size of the pie however, remains basically the same. Only three things can increase the value of BTC: Increased levels of fiat being exchanged for BTC, increased levels of economic activity utilizing BTC, and decreasing the amount of BTC that is liquid and available for purchase/transactions that already exist (liquidity squeeze). If you see anything that indicates that these things are happening, it is a good indicator that BTC prices will rise.
Difficulty has no more than a temporary transitive effect on BTC price, and it can be safely ignored.
Nonsense. Difficulty doesn't adjust the number of bitcoin produced, but it has a massive effect on price. When you buy a product in the store, which is sold in a competitive market (for example, orange juice) production costs of that product are a very important determinant of the price of that product. If orange juice production costs increase, the price you pay increases also. How can you expect to buy bitcoins for $1 when miners are paying $80 worth of electricty to produce each one? It's not going to happen. That is 3600 bitcoin per day that are going to be priced above market rate because miners won't take a loss. With the current market, take 3600 bitcoin away that would normally be sold every day will certainly pressure value upwards. On the other hand, if people are paying $250 per bitcoin while miners are profucing them for net $20 each, miners will be overjoyed to sell every bitcoin they produce. That is basically 3600 bitcoin per day being dumped on the market at any price that will sell. How can this not drive down the value of bitcoin? Finally, look at historical difficulty vs value graphs. Regardless of the absolute reasoning, there is clearly a close connection that has existed since the earliest days of bitcoin. http://www.bitcoinx.com/charts1/chart_large_lin.png <- clearly obvious that if price gets out of whack with difficulty, there is a big correction downwards. Wrong, the price of orange juice is set by the demand of orange juice. If people don't want it, your cost to produce that orange juice is irrelevant. Also even if people do want it, but the price is too high, people will not buy it, so it doesn't matter if it cost you $10000 to produce orange juice (or mine bitcoin). |
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That's bull, fiat value has not went down that much.
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The CCTV piece was mostly neutral on bitcoin as it REPORTED a phenomena that most people never heard of. It's a stretch to say CCTV supports bitcoin.
The CCTV also spoke favorably about Fa Lun Gong (FLG is a religious group), a year before the government started to crack down hard on it. At the peak FLG had nearly 100M members, nowadays FLG hardly even exists in China. Also, remember the Chinese government is not a tightly united group, there are tons of different interest group and leftist/rightist organizations battling for power and controll, within the umbrella of Chinese Communist Party. Sometimes the Chinese government will seem to be favorable to something, and then over night, another group takes over power within the party, and start cracking down on it. |
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By reading your post, I feel my IQ has dropped at least 10 points.
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no doubt, BFL is no go, Avalon is shady, at this point Bitfury and Kncminer are the only threat to AM wealth.
Dangerous assumption, for all we know Intel could launch a 10x more efficient chip tomorrow and Nvidia announce a competing product Monday morning. Screw marketing, numbers talk here and AM could get drowned out overnight if one of the big firms wants a piece of the pie but AM have experience, a head start and a rock solid reputation so my moneys on them for the long run. EDIT: Thanks for the update Not possible until Bitcoin market share is least 1 Trillion. Intel alone has 100X market cap of bitcoin, the potential market is simply too tiny for these companies to produce anything for. |
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Shitcoin that had a 60% instamine on day one. Why would you want to buy?
60% of what? LTC had 10100 blocks mined on the first day, which is 33% of all outstanding coins at the 1 month mark (approx 30k blocks mined at the one month mark), I guess LTC must be shit too? |
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It's still on bter, their navigation had too many currency pairs, so they put it into a "more" menu, instead of having two rows like btc-e. You can just use the direct link and book mark it: http://bter.com/trade/btb_btc |
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Still really bitter about selling my shares at 1.3  .... But that didn't stop me from buyin' back in at 2.45 the other week . Man ASICMiner is just on a tear right now ! Dividend me up I think most people would not buy back at twice the price they sold, what's your thought process on buying back? I sold 10% of my original holding at 0.9, another 20% at 1.75, and have 70% left, plan to sell another 20% if price reach 3.25, otherwise I will just hold for divs. Bought everything when the PT started, at 0.65 |
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$10k in 1913 would buy you the same as 0.5 - 2 million today. If we see similar performance of the dollar over the next hundred years, this would be roughly equivalent to a $10k bitcoin today. It might not even exist in 100 years, but if it does $1 million isn't completely insane. Unless you are saying Earth will die before then?
I don't get it. With +2 % average per year, 10k in 1913 = 72.44k now. How could it be 0.5 - 2 million? And even if that was true, which is obviously not the case, that does not prove that the bitcoin price, will, should or even might increase with time ... Bitcoin is worth nothing. That's not like a house, a car, or something you can use. I don't get it, why do you assume average inflation is 2%? It's more like 5%. $10k buys you a nice mansion in 1913, a nice house in 1963, and barely a bathroom today. |
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Yes, we can just keep mass manufacturing mining hardware and Bitcoin price will go up, forever! /sarc
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